Choreo LLC Sells 820 Shares of Union Pacific Corporation $UNP

Choreo LLC reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,261 shares of the railroad operator’s stock after selling 820 shares during the period. Choreo LLC’s holdings in Union Pacific were worth $10,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UNP. Nuveen LLC bought a new stake in Union Pacific in the first quarter worth $988,822,000. Laurel Wealth Advisors LLC boosted its stake in shares of Union Pacific by 22,618.2% during the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Union Pacific by 3,536.2% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after purchasing an additional 983,855 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the period. Finally, Menora Mivtachim Holdings LTD. bought a new stake in Union Pacific during the 1st quarter valued at $115,096,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UNP shares. TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. raised their target price on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Royal Bank Of Canada boosted their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Finally, Susquehanna reiterated a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Up 2.0%

Shares of NYSE:UNP opened at $229.08 on Wednesday. The firm has a market capitalization of $135.88 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The stock has a 50 day moving average price of $225.25 and a 200-day moving average price of $225.11. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 earnings per share. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is 46.90%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.